Stock Market Commentary -

Despite the realization that a number of Trump's fiscal policy changes, including tax reform, could face many roadblocks, investors welcomed reports of firming economic fundamentals, providing a boost of 6.1% for the S&P 500 in the first quarter of 2017. The focus shifted away from "Trump trade" stocks such as Financials and Industrials and back toward Growth shares. The Russell 1000 Growth index rallied strongly, up 8.9%, while its Value counterpart rose just 3.3%.